Novel Class A Carve-Up Approved To Avoid Downgrade

The Stichting Holland Homes 2007-2 Dutch residential mortgage-backed securitization has been restructured, with the outstanding senior class A series carved up into two tranches—paving the way for the tranche to hang on to its AAA rating.

  • 10 Apr 2012

The Stichting Holland Homes 2007-2 Dutch residential mortgage-backed securitization has been restructured, with the outstanding senior class A series carved up into two tranches—paving the way for the tranche to hang on to its AAA rating.

The novel overhaul, formally voted through by class A noteholders last month, involved ...

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1 Bank of America Merrill Lynch (BAML) 6,665 23 13.02
2 Citi 5,781 17 11.29
3 BNP Paribas 3,530 14 6.89
4 Barclays 2,853 9 5.57
5 Credit Suisse 2,783 8 5.44

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4 JPMorgan 52,367.24 169 6.93%
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